2013-03-13
2013-03-21
x china

STATION
CSPAN 28
CNBC 23
MSNBCW 11
CSPAN2 10
CNNW 8
KQED (PBS) 8
KRCB (PBS) 4
KCSM (PBS) 3
KGO (ABC) 3
KTVU (FOX) 3
LINKTV 3
KICU 2
KPIX (CBS) 2
KRON (MyNetworkTV) 2
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LANGUAGE
English 145

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today and actually create good job energy is a really good place to start. greenlight the key stone pipeline. with one stroke of the pen the president could create thousands of jobs. i represent southeast louisiana. there are a lot of opportunities to create tens of thousands of good high-paying jobs in the energy industry where not will you create high school jobs, a high school graduate could make over 55,000, but you bring in treasury revenue that will reduce our deficit. you allow our country to become energy independent so we don't have to buy so much oil from middle eastern countries who don't like us. we'll see in the next few beeks if the president is serious with working with us. >> where did the president say i agree with you? >> i specifically mentioned to the president on spending and the president kind of famously said he is going to close the white house to tours and school groups can't go into the white house. and i said instead of these kind of things instead of closing off the white house and threatening to lay off food inspectors how about working with us on real s

to the president if you want to start today and creating jobs, energy is a really good place to start. pen the stroke of the president could create 25,000 jobs. and look at the outer continental shelf, there are a lot of opportunities to create tens of thousands of good, high- paying jobs in the energy industry were not only do you , but youally good jobs also bring in treasury revenue that will reduce the deficit. you allow the country to become energy independent so we do not have to buy so many -- so much oil from the eastern countries that do not like us. we will see in the next few weeks if the president is serious about working with us. >> where did the president say i agree with you, let's do that? >> i specifically mentioned to the president on spending. he came as we said he will close the white house to tours. i said instead of these kinds of things of closing of the white house and threatening to lay off food inspectors, how about working with us on real specific ways that his own agency has identified as real waste in government? instead of laying off food inspectors, work with

energy boom could power this stock higher when cramer talks to its executive chairman, just ahead. all coming up on "mad money." >>> don't miss a second of "mad money." follow@jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> you're going to lo

, president obama talked about a new energy trust. more spending for things like solyndra. okay, that was one thing, that was their message point today. it was very strange. >> that's kind of dilutional, right. >> and think about the keystone pipeline as a gift. basically now everybody has blessed it except for president obama. we're waiting on his decision which he says to the house republicans will come this week, but i think it's a very interesting point about erskine bowles and other democrats behind the scenes, president obama's problem isn't necessarily the republicans. he's got a huge problem with the senate democrats. he can't bring them along on something that the government should be doing anyway, which is the changed cpi, which is really like a technical fix and inflation goes up and down and spending, it's not reform, it's something that the government should be doing anyway, and he this week, a wall street journal headline, president obama tries to woo democrats over to his side. so his problem is not with the republicans, he would probably be able to triangulate with them. the p

.4%. the energy and work force committee had a hearing on it today. i am hopeful they will come forward with legislation that will allow it to return to controlled by its critics and their parents. -- by studtents and their parents. i yield back. >> thank you. i appreciate some of the earlier comments. as we go through this debate, i want to make one thing clear -- the number one threat to young america is this president's terrible economy. as we go court, we need to remember there is one fact we cannot escape -- as we go forward, we need to remember there is one fact the cannot escape -- over half of recent college graduates are unemployed or underemployed as a result of those policies. another great threat to the young people in this country is the national debt we are piling on them every year. does pass the bill out of this chamber, most voted for it -- we just passed a bill out of this chamber, most voted for it. as others have said, we need to get politicians out of the business of setting interest rates. some laughed when it was said earlier but history shows that when the market

are going to choose an energy future that doesn't just look at the energy source of the past but also looks at the energy sources of tomorrow. and addresses climate change in a serious way. and, you know, some people remarked that, you know, i looked -- had a little more pep in my step in the inauguration and the state of the union, and i have to tell you, it wasn't because i was off the campaign trail because nothing energizes me interacting with the american people day in and day out. the reason is i felt like this was a vision, if we can get it implemented, really would allow america to take off. our economy is recovering. it is resilient. but it not yet where it need to be. we've got millions of people who are still out of work or underemployed. we've still got businesses that could be thriving if we're able to make sure washington doesn't engage in self-induced crises. we'll have a lot of work to do. let's face it, there's still a lot of divisions and arguments here in washington. doing our h we are very west to reach out to the other side, and i think there's a genuine desire on the p

point that if you expend more energy than you bring in, you die, whether you are a business, person, or country. the person who ignores that is against science. in the long run, a country that spends more than it raises cannot continue. it is a threat to this country. it is a threat to our economy. common sense confirms it. any belief in science tells me to believe that there is no bigger problem. [bell] >> let me quote the cheney who said ronald reagan taught us deficits do not matter. dick cheney was wrong. he is wrong then and he is wrong now. deficits matter. anyone who supported the bush has no business talking about debt. [booing] i helped bill clinton balanced the budget and built a surplus because we had good economic times. good economic times should pay down the deficit as clinton did but to reagan and bush did not. in bad times you have to stimulate and the airtime as president obama is doing. it is like listening to lectures on hygiene from type 40 -- typhoid mary. is more important to america's pursuit of happiness? which is more dangerous to america's pursuit of happin

economy than how we use american energy. after years of talking about it, we are poised to take control of our energy future. we produce more oil that we have in 15 years. we import less oil than we had in 20 years. we have doubled the amount of renewable energy that we generate from wind and solar. tens of thousands of good jobs to show for it. we are producing more natural gas than we have before that hundreds of thousands of good jobs to show for it. we have supported the first new nuclear power plant in america since the 1970s. we are sending less carbon pollution in the environment and e have in nearly 20 years. we are making progress across the board. it is possible in part because of labs like this and outstanding scientists like many of you -- entrepreneurs, innovators -- all of you are working together to take your discoveries and turn it into a business. think about this. a few years ago, the american auto industry was latlining. thanks to discoveries made right here at argonne, some of the most high tech, fuel-efficient, pretty spiffy cars in the world are once again designed

with health experts warning against energy drinks. action they want the fda to take. >> michael finney is taking your questions and will answer them here live in just a few minutes. you can contact michael on facebook.com. and on twitter at m finney. >> taking a look at the san francisco skyway, it's a slow commute into and out of san francisco right now. particularly tough for drivers on the left side of the screen trying to make their way east adros cross the bay bridge. the news >>> a california patrol officer received a top law enforcement award for a heroic deed. he was named nation's top trooper by international association of police cheifs. he was the partner of fallen chp officer ken onyoung storm shot and killed in september 2012. carlton returned fire, killing the gunman ux 36-year-old christopher lacey. the panel said officer carlton explained extreme courage. >> there is uncertainty over the future of a palo alto based pharmaceutical company after it's only product has been pulled off the market. they plan to layoff 75% of the work force after the recall of its anemia drug.

that the rise and shine has more energy needs for more energy than they can produce themselves, and to maintain the economic growth which they believe is essential. we observed that the south china sea is a potential source of energy supplies for china and that there is a contention among the nations in that region as to where the ownership and rights of access are to the south china sea. and this is conceivable that china might seek to reestablish its claim there by military coercion and that could lead them into a confrontation with the united states' desire to maintain free access. the best way of avoiding that military conflict is what we should see because the military conflict with china would be catastrophic for both nations, indeed for the whole region. so, we want to avoid that. i believe the best way of avoiding that is by maintaining a -- continuing to maintain a strong naval presence in the region, and by having an unambiguous commitment to doing that. i believe that our new national security strategy is that unambiguous commitment, and i believe that the u.s. navy is capable of mai

we're sold and that's true in part. when you produce the car it uses a lot of energy and electricity especially to produce the battery. so what's the-- it's like you've already driven it 80,000 miles. he so, you've already put out a lot by buying the car. >> paul: and the production, is it more green, more carbon emissions produced for the battery than produced for a regular car? >> yes, it produces more than twice the amount of co 2, producing the electric cars than the regular gas car. so, it's clearly behind already when it rolls out the factory. and also, while you're driving you still recharge it with electricity and of course, put out less co 2 than a gasoline car, but you have a lot to catch up. unless you drive it for a very long wall, at least, 60, 70,000 miles you don't get ahead because they have very, very short ranges and that's not a possible outcome. >> you have to plug into the electric grid essentially and the electric power is produced by right now things like coal and natural gas. and what if we move to an electric power grid that was fundamentally powered by wind

leaks are shocking, the size and number. the fact that the department of energy did not know about this or they were not looking at the monitoring close enough or they did not disclose it to the public soon enough you >> officials -- soon enough. >> officials say the leaks pose no immediate danger. environmentalists want to see better oversight of the hanford cleanup effort >> which has been underway for two decades, at a cost of $2 billion per year. the nine nuclear read actors -- reactors turned out uranium for the nuclear weapons program, producing more than 60,000 warheads. the volume of waste is staggering. of solidubic meters nuclear waste. nearly 4 million liters of liquid have leaked, it enough to fill 20,000 bathtubs. the u.s. department of energy turned down al jazeera's request to film on the site. they also said no one we asked to interview the officials responsible for the cleanup -- no when we asked to interview the officials responsible for the cleanup. >> the state is extremely concerned that radioactive materials are being released in the environment. we expect the

spots here is what we saw managed to close higher yesterday were cyclical areas, semiconductors, energy and we had health care participating in that rally and bristol-myers. 11-year highs on that one. >> they screwed up badly and they bought a drug, not unlike glaxo they had, and it was red wine derivative drug and they fell. i will point out that the macarena is central to the thinking. >> really? >> because i went back and looked at this period november 1996 and was astonished at how everything was going right. everything. that was a time when your pc was powerful enough to be able to get it it so you started getting dial up aol. we had no crises whatsoever. the bob rubin managing the economy, bill clinton getting interest rates down and what we have now is a compliant fed and we've got some good earnings, but i just don't think that we can put on the kind of numbers that -- yes, i'm worried about the nine straight days. >> so you say keep your bat on your shoulder. you say the guys are swinging wildly and that's not our style. you're willing to miss a couple of points. >> we'll look

this new energy that rand paul is tapping into. taking hold and we'll see how it plays out. >> kerry, what do you think that signals, as far as comprehensive immigration reform? there's been a lot of discussion about i mean there's a sense that this is the moment it could happen. but then you look at, nate silver had a breakdown of how many house republicans have 10%, 20% of latinos in their district. these are guys that have proven time and time again that they will vote for self versus party or national agenda and the fact that rubio backs down in that crowd, is that a bellweather for what's to come? >> i think it's a warning, it's a caution sign for democrats and republicans such as john mccain who are really hoping that this signals something. marco rubio that signals this is a break through for the fact that he didn't mention it. shows a certain level of discomfort or hesitation of bringing it up in a crowd where he knows there are people there who do not agree with the idea of comprehensive immigration reform. this is a marco rubio is a guy who within the white house, they are obsess

. find out which one you may want to hop aboard. >>> plus, game changer? sanchez energy made news today by staking its claim in the oil-rich section of texas. could this fresh face in the domestic energy space fuel growth for your future? all coming up on "mad money." don't miss a second of "mad money." follow @jim cramer on twitter. have a question? tweet cramer #mad tweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney@cnbc.com. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connect

it is green energy or free obama phone, if you don't have a team much lobbyist in dc or cash a contribution check you are not on the table. you are on the menu. [ applause ] if mrs. thatcher were with us here today, she would remind us, there is it a difference between being pro business and pro free market. there is no mistaking where conservatives stand. it is time for we the people to break up cronyism and put a stake in the heart too big to fail once and for all. [ applause ] that incluppeds in the resource rich state like alaska my home state. read your constitution, alaskians realize that the national resources that god created, they are not owned by the conglomerates and the monopolies. they are owned by the people. they don't own them. don't let them own you. you have a right for resources to be developed and so where are you? ending the top down approach much dc means changing our top down political process. the next election is 20 months away. now is time to furlough the consultants and talk to the political strip. if we know what we believe, we don't need professionals to testimo

to more smoothly and effectively enter financing, energy, railway and other factors. we will pursue reform in the social factor so as to promote upward mobility. in some universities in china, the share of rule of students is quite low. we need to gradually raise that so as to give hard-working rural students hope. [speaking chinese] >> translator: we need to focus on key areas and ensure overall coordination. we want to pursue comprehensive reform, covering all factors. so as to make this clear to the goal of socialism with chinese characteristics. [speaking chinese] [speaking chinese] >> translator: the fact that in pursuing reform we now have to navigate on china's water when we also to confront some protracted problems. this is because will have to shake up that interest. sometimes stirring vested interest may be more difficult than stirring the salt your but however deep the water may be, we will wade into the water. this is because we have no alternative. reform concerns the destiny of our country, and the future of our nation. in pursuing reform we need to have courage, wisdom, and

, dandy idea, mr. president. should have started with yours. >>> the president's pressing the new energy strategy in his weekly address. >> free our families and our business from painful spikes in gas prices once and for all. >> we will ask a former energy secretary if it will work. first though, our political headlines. >>> wisconsin republican governor scott walker tells politico he is open to a presidential bid and will not pledge to serve a full four-year term as governor if he is re-elected next year. he told politico his focus is on substance, not longevity. walker is in maryland today also speaking at cpac. >>> former new york congressman anthony weiner may be planning a political come back. the new york democrat recently spent more than $100,000 on polls and consultants. weiner, of course, resigned in 2011 when a suggestive photo that he tweeted became public. which public office he might be considering that is later in the program today. >>> and secretary of defense chuck hagel said the united states will deploy a $1 billion anti-missile defense system along the pacific coast t

. the president doesn't. we want to unlock our energy resources to put more americans back to work. the president doesn't. but having said that, today was a good start. >> again, if the president wants to let our unwillingness to raise taxes get in the way, then we're not going to be able to set differences aside. >> so they are trying to act inflexible and it seems that the president has held on to his guns. >> right, and two of those statements, the two statements john boehner made, aren't exactly true, to be very xartable about it. the president does care about fiscal balance. he's put a deal on the table. he just doesn't think we need to get there as quickly as the republicans claim we get there. and in terms of unlocking our energy, we are closer to energy independence than we've ever been. they may want to drill in places the president doesn't. but we're making a lot of progress on energy. i think eric cantor's statement put his finger on it. the republicans in the house in particular, and we're going to see how republicans in the senate do, that the republicans in the house are simply not

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on immigration and energy, deals with gun control however it gets dealt with and thin waits to do a grand bargain deal after the mid terms on the hope that his party has success in the mid terms and he can strike a deal on better economy and more favorable terms in congress. >>ose: i thought that's exactly wh i sa. will not make a decision now and will have a hard bargain. the only thing we seem to differ is whether the republicans will be blamed. >> i didn't mean to say i disagree with you except to say it's not giving up on the next year and-a-half because you do, immigration and energy. the president's got his eye on his big promises and immigration and energy are two of the big promises. if he can move along on fiscal stuff, get a sense of where the bargain lies on tax reform, corporate and iividual, gets a sensof h omacare is working and what an overhaul of obamacare would mean. he can move those things along. get immigration and energy out of the way. there's only so much bandwidth at any given time. get those out of the way so they are not dealt with and get the fiscal stuff after. >> ros

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in "the journal" talked about natural gas being low and the energy boom is keeping a lid on inflation which make the dollar stronger for good reasons, not bad. i guess i'm saying i still like the backdrop of the economy more than most and was gratified proctor cooled yesterday, k kimberley cooled. >> there is the sentiment, some anxiety things have been quiet, almost tranquil in a way. >> it's a western? the man who shot liberty prokt sfer. >> invariably something always comes. i don't know whether it will be. geopolitical as we worry or wonder or watch things in iran or north korea. i know. i'm just -- >> 1996. it was pretty darn good for a while. wasn't until the asian contagion, nine months later. >> then we got long term capital, then the fed lowered rates by 50 basis rates. off to the races like never before, ever. that being said, this is 20 13. not 1996. >> we're doing stress testing on banks like we weren't doing back then. we'll get more results tonight. >> we don't have the internet just beginning to blossom. >> no, but we do have situations where -- i'm reading about the el

the facts take energy, with our new drilling technology, america will soon have managing surplus. .- energy surplus this is trillions of dollars in new wealth for americans. trillions of dollars. a foreign-policy not overly influenced by oil. how about food? america will be the saudi arabia of grain in a century when the world is clamoring for more food. just as crude oil determines the wealth and power of nations in the latter part of the last century, we will do so in the -- this century. wireless can -- rapid advances are transformed at a breathtaking pace. wereacturing jobs that shipped to china a decade ago are now returning to america. this time, the work is being performed by our robots. the good news is, there are robots built in america by american workers. by low energy cost, they create a new wave of energy manufacturing in this country. classes of diseases are on the verge of being eradicated by manipulating individual molecules on the surfaces of living sales. -- living cells. never getting lost, never having accidents, already a prototype car has driven more than 3000 miles in

are surrounded by young people it gives you new perspectives and insights and energies. >> i think -- i've had quite a few minority clerks into law actually, and the has been a change over at the time in that and there has been an improvement in the sense that i haven't had to look as hard, and you know, you have had to do a lot of encouragement. you had to do a little effort 15 years ago to go bald and say where and hal and then say i am not going to bite you, you know, please and so forth. i would say the extent to which requires the effort is an improved, but it still does require something of an effort. and so the more that -- less than it did but i think consciousness is important. so i think it can encourage people that's right. and at these different levels you will see, you know, you are not giving anybody a favor. he will see that its -- the effort pays off and it is worthwhile. >> i have one last question, mr. chairman and that is the issue that we discussed before in the supreme court. we know that right now it applies to other judges and for the court applies as an advisory situati

that there was more energy when the white smoke appeared, there was more energy on the floor here than there was last week, on the first day that the dow hit its all-time high. that unloved rally that we've been talking about. this is certainly a story that's captivated the world, of course, with the resignation, a couple months ago, of pope benedict, as he went off to his retirement. an unprecedented retirement for a pope. and now we wait for word of who this new pope will be. the front-runners, as we know, the cardinal from milan, the cardinal from brazil, and some time today, we've been hearing the possibility that the cardinal from canada, marc ouellet, might be a compromise candidate to come in here. you wonder, the politics that will be involved. you get a reformer, do you get somebody who represents where the greatest growth in the church is these days, either south america or in africa, or do you get someone who is more traditionalist, the way benedict was, and get the cardinal from milan to step into that position. >> given the fractures that are in the church right now, they also need someo

pulses of a quake energy and gives you a little time to take some action. >>> organizers of the america's cup yacht race coming to san francisco this summer are trying now to keep wind in the event's financial sails. to that end they have scaled down the size of the event dramatically. as mark matthews explains, the projected payday as well. >> reporter: the city supervisor says the america's cup organizers failed to pay prevailing wages for work done last summer. >> the highest possible for the types of programs and didn't live up to them when it came to that happening last year. >> reporter: workers are now owed $400,000 in back wages. >> prevailing wage rate for a carpenter who installed beachers is $64 an hour. >> reporter: the cities offense of labor standards enforcement says the carpenters were paid about a third of what they were do due. the cup organizers said they voluntary early agreed to the prevailing wage requirement and they have agreed to pay back wages. >> in the backdrop of that i really do question the tone here. the tone of innuendo that we are not trying to do the r

.s. energy. this oil and gas revolution we have been through in the last few years is fantastic. it's lowering our need to import oil. that money stays in our economy. when we produce a barrel of oil or natural gas in this country we get 80 to 90% of the benefit. if we have to import energy, it's about a dime. so, it has a multiplier effect on our economy. second, we need to reform our corporate tax code. it's unfair. it's not productive. most importantly, it dissuades capital investment. capital ininvestment is almost perfectly correlated with job creation. >> bret: it seems every year we talk about tax reform. >> what has happened is other countries have a much more simple and competitive corporate tax rate. we are the highest now of all the industrialized country. the tax rate at corporate level determined the level of capital expenditures. the top 1,000 companies in the united states account for 60% of all of the capital. the computer, planes, trucks, factories, the machines, things that put people to work. we don't see why the corporate tax rate could not be changed. >> bret: y

in the energy industry are searching for ways to slash our use of fossil fuels. some of them are excited about so called green plastics. most plastics are made from petroleum. some have come up with ways to make them from plants. >> reporter: the thai government has been organizing this international export since 2006. it's to promote the plastics industry. this plastic items are made from substances found in plants. they are attracting interest throughout asia. >> here in bangkok it's all about brim plastic. a lot of foreigners come to thailand also to attend conference. >> they product. for thailand it can be more expense for this production. >> reporter: thailand will develop biplastics industry. it already has many companies that make ordinary plastics. farmers in thailand grow large amounts of sugar cane. thai government officials have looked at these factors and developed a road map for industry. >> every year we have 28 million allow them. it can be used as bio plastic. thailand has great potential to be the center bioplastic company in this region. >> reporter: the strategy has attract

get fallthrough after that is going to be very interesting. are >> it's interesting that the energy stocks are really leading this rally. >> it's been financials and energy that have been leaders for this market in the last couple of years. you've got the bank stress test recommendations for capital expenditures and for dividends coming up in half an hour. >> they put their plans forward. they want to buy back stock, some want to increase dividends, the fed will give the okay or not. we're going to learn that in 30 minutes. and we've got jack lew, the new treasury secretary coming on the air. i'll jump for the next hour. i'll see you tomorrow. >> very good. see you tomorrow. >> thanks, everybody. >> a 70-point gain. what do you imagine a decline looks like when you've had ten consecutive days of gains for this market? we keep -- we hit eight consecutive all-time highs and the laws of gravity have to kick in at some point. >> unfortunately or fortunately, people have been expecting that pullback for almost three weeks or so, give or take. when it comes, does that mean it will be bigg

are bound together with a single purpose we must put all energy behind these efforts. we can bring about the change we have been seeking for decades. when conservatives are united, our ideas win the. conservative ideas win because conservative ideas work. stand with us, stan with house republicans, with us, let's fight for a better future for kids. let us not take no for an answer. thank you all very, very much. take you. thank you all very much. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> two years ago the president told a lie about the supreme court decision called citizens united. the case struck a huge blow -- a huge blow. the president of citizens united is up next. he has proposed document dearies since 2004. please welcome david bossey. >> good afternoon. i'm president of citizens united. it has been a big year, as we celebrate our 25th anniversary. it is great to be back here as we come together for our 40th time. run for theted is last many years. we're doing it again this year. where we get a chance to show

is competitiveness. they are eager to look beyond to innocvation, energy, climate. there are not trying to talk about the cyprus issue alone. there was brief mentions saying that of course bureau stability -- euro stability is crucial. how do we get there to encourage growth and innovation? >> they have been distancing themselves from the planet. what else can you tell us? >> this tax on depositors and small depositors it was somehow the instigation of germany. german politicians have been pushing back on that. we heard two government spokespersons say, not at all. they say, not at all. we have heard a lot of criticism through the day from politicians at all across the spectrum saying a tax on small depositors is very question of land by no means were the german politicians satisfied with that part of it. >> melinda, thank you. let's take a look at market reaction. uncertainty over what this would mean for other banks in the euro zone prompting investors to sell off on monday, particularly banking stocks. we have the summary of the day's trading from the frankfurt stock exchange. >> traders have been

the latest moves in energy. >> there say lot of momentum here in the energy market and we're looking at brent crude prices that have risen from a three-month low and it looks like the gains that we're seeing in the oil market are mirroring what they're seeing in terms of the rebound in the euro and what we're seeing in the equity markets as well. the cyprus fears seemed to ease quite a bit. we'll continue to watch what will happen in the u.s. supply front when we do get the eia report on inventories out at 10:30 eastern time and we're also watching what's happening in the gold market because that will be susceptible to whatever move the fed will make and many traders anticipating to keep doing what they're doing and gold holding steady here and still above the 1600 level. the key, of course, will be breaking above the 1610 for the settlement and they keep saying that is what is needed to give the bulls the momentum to take gold prices much higher. back to you! sharon epperson for us. a technology company is making its wall street debut today. we're waiting for model n to begin trading and aft

and the june contract is the front month. that takes a little bit of focus, energy away. we also have options expiration, and the battle at the nasdaq around the 28 even level. but also multiple intraday divergence. perfect example, yesterday as the s&ps trading down lower. breath was unwilling to get into new low levels. that difference between advancers and decliners of the new york stock exchange. again, divergent type activity, low energy, very low volatility, but we're seeing a lot of conviction to the upside. >> yep, we certainly are, we see how it all unfolds today. we'll talk to you again soon. >>> still to come on "squawk" this morning, smartphone wars. samsung, apple, blackberry, who will be the ultimate winner? there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. i work for 47 diffe

energies. >> i have had quite a few in the question is has there been a change over the time and not? i have time to look far do a lot of encouragement. a little after 15 years ago. to say where and who in and say i'm not going to bite you. and please and so forth. i see the extent to which requires an effort is improved last. but it still does require something of an effort. less than it did, but consciousnesses import. so i think it could encourage people at these levels then you'll see you're not doing anybody a favor. the effort pays off. it's worthwhile. >> that's the issue we discussed about applying the quote. we know right now it applies as an advisory situation. the different in the past change on that whole issue of applying the judicial comment? >> i've never had a problem with it because in my own professional career, i'm absolutely confident in the career in the manner in which we consider those absolute binding. they can and be made by members of the relevant judicial committee urges district judges. we think it's potentially difficult for circuit judges to make rules that

included energy infrastructure, levies, and inland waterways. inland waterways getting a d-minus, barely above a failing grade. how, if you know, does the u.s. infrastructure compare with that of other countries? in some surveys, very poorly, i believe. >> well, what we do know is that our infrastructure is a part of our competitiveness in the world. if we want to be competitive we need to invest. we can look at things such as china investing some 9% in their infrastructure. europe investing 5% of their gdp in infrastructure. yet you look at the united states, and we're down around 2%. and that's about half of what we invested 50 years ago. >> what about bridges? where -- how -- you know, there have been major stories having to do with the safety of our bridges, that major collapse in minneapolis a few years ago, are they getting better or not? >> yes. they're actually getting better. they improved over our 2009 report card. again, reflecting an increase investment in bridges. we're seeing that around the nation as local leaders step up and start replacing bridges that need to be replace

between having a good education and getting a job. secondly, we need a national energy policy to ensure that we have clean and inexpensive energy across the long-term. if you look at the history of successful economies, the two most important numbers are the cost of money and the cost of energy. third, we have to reform our immigration system and, fourth, we have to invest in our infrastructure. to do these things requires investments. and we will fundamentally not be able to make these investments unless we, as i said, reform our entitlement programs and raise revenues. we're confronted with two choices in our budgets. and these are insufficient choices. the american people deserve better. on one hand we have a choice where we don't recognize the reality of where the entitlement programs are going. and then the other choice is we slash and cut the critical investments we need to make to have a future. we can do better. each party likes to take the high ground on a balanced approach. but what does that really mean? to me a balanced approach means several things. first, we need additiona

and help people out. the call.k you for another focus on the economy is an energy stored inside "new also looking at the economic impact of the ethanol program. the president focusing on energy in his weekly address. >> over the past four years as a part of all of the above energy strategy we made steps to soften the blow by using -- by making sure cars use less gas. by the middle of the next decade our cars will go twice as far on a gallon of gas. the average family will save over $8,000 at the pump. the only way we are going to break this cycle of spiking gas prices is to shift our cars and trucks off of oil for good. that is why at my state of the union address i called up for congress to set up an energy security trust to fund research into new technologies that will help us reach that goal. is drawn fromergy the lands and water that we as a public altogether. i propose to take some of our oil and gas revenues from public lands and put it towards research that will benefit the public so we can support american ingenuity without adding a dime to our deficit. we are designing new engine

in the gulf is the trade of energy between the gulf and asia. as we talk about burden sharing, what is the world for partnerships, while the country's already close allies and countries which are not allies, but which are relying on an energy from the gulf? should we be thinking about that differently in the budget context you have described? >> that is the argument you here. like 27like this -- things the united states can achieve a level of independence. why would we continue to be concerned about the energy that flows out of the gulf? my answer to that is i did not go to the gulf in 1991 and stayed there for about the next 20 years because of oil. that is not why i went, not what my children wet. we went there because we thought that a region of the war where we had not -- except for a few bilateral relationships, where we had not invested in me -- much of our band with in intellectual energy, commitment -- we went there in 1991 because of the-- because aggression of hussain, but we went there because the future of the region was typed our future, and not too distant, oil, but ra

. financials led the decline all day long, but in the afternoon selling picked up in energy stocks, materials, consumer discretionaries. if you're watching oil prices this morning, you'll see at least at this point they are down by 16 cents, 93.58. the ten-year notoriety now is yielding 1.942%. let's take a look at the dollar this morning. you'll see it stronger against through at 1 is.2933. the dollar/yen is 95.35. the dollar up across theed board, except weaker against the pound right now. gold price ves barely budged a little weaker, down 2.60. $1,602 an ounce. >> it's now time for the global markets report. we're going to go across the pond to see kelly evans too give us an update on what the heck is going on over there. wa is going on over there? >> i can tell you, it's called plan b. if markets didn't like plan a, there might not be much to like the plan a. it's the cypriots that won't like this. it appears from reuters reviewing copy of a parliamentary draft, what the company is now going to do is try to exempt depositors with less than 20,000 in the bank entirely to those under 100,00

raising taxes. when we adopt a strategy of caring about people, then we will legalize american energy production. then we will get gas $2 a gallon. then we will make sure that your sister has her second amendment rights to keep herself safe from an assailant. and we will make sure that we are innovating and growing our way into the new cures, because we have uniquely american lifeblood as her signature. and what that is, is doing right by the next generation. we all benefited by these medical and innovative technology breakthroughs. they were gifts to us to our generation. and i say to you now that it's our duty to pay it forward for the next generation. it's our duty to grow the scientific progress and innovation that we desperately need. it's our gift and our legacy to the next generation. we do it because we love. we do it because we care. this is who we are. this is our movement. the movement of love. the movement of care. we do this because we love each other. and because we love our nation. die bless you, and god bless the united states of america -- god bless you and god bless

to strike because we live in a global economy. beyond that we need to have pro-growth energy policies, including oil and natural gas. our regulation, our regulations have to be the product of a cost-benefit analysis. the government is trying to help the business community. in america business fields like government is their impediment, their competitor, their enemy. that has to stop. our monetary policy cannot be used to i flat things and distort our economy. the list goes on and on. we know about tax policy. we need to have a pro-growth tax structure, not one that takes from some and gives to others. and last but not least, we believe in solving our debt problem, because it's hurting job creation. jobs are not being created in america. there are jobs that are not being created in this country because we have a $16.5 trillion debt and it's only scheduled to get bigger. that problem has to be solved and you can only solve it, the only real approach that solves it is the combination of fiscal discipline and rapid economic combrothe. there is no tax increase in the world that will solve

as a country must tackle. first, energy. ryan's plan paves a path for affordable and american produced energy, most notably, the plan green lights the keystone pipeline to generate almost 140,000 jobs. second, health care, first and foremost the budget repeals obamacare and strengthsens the medicare system for future generations. third, welfare reform, changes made in 1996 by extended reforms to other programs. gives states flexibility so they can tailor programs like medicaid and food stamps. and lastly addresses tax reform calling for congress to simplify the code, closing loopholes and consolidating tax rates. ryan's goal is to have just two tax brackets. 10% and 25%. so the question now is, well, will democrats see this as congressman ryan and again, just throwing granny over the cliff. are they going to demagogue it it? don't laugh, a sequel to the ad is already out and we're going to play for you in just a few minutes or will senate democrats who haven't passed a budget in more than 1400 days, will they seize this opportunity to get the country on a fiscally sound path like paul ryan is

natural resources to create energy. it's relied very heavily on nuclear power and that nuclear power became a subject of great controversy after the power plant disaster followed the tsunami. what's the state of play now? is japan abandoning its stated desire to move away from nuclear energy? >> well, the reaction you just describe exactly what happened in tokyo or in japan as i should say in the immediate 12 months that followed. the government at that time partly because they were very much aware that they could not respond to the nuclear melt down as well as they could have so they went completely the other way and declared that japan will be a nuclear power plant free country in some 20 to 25 years from now. however, since then japanese expands two summers and as you may know wherever you are it's very humid, hot, much, much worse than the d.c./metropolitan area. people actually feel the power shortages and the implication of trying to reduce their dependence on nuclear power in a too soon, too short time span. the current government has a little bit more balanced approach, they

new life begins. call now. barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >> wow. >> i have no idea what that means and i doubt you do, either. >> i do, actually. i watch mixed martial arts. i'll explain it to you later. thanks very much. we'll be right back. >>> we ran out of time for the "ridiculist." we'll be back one hour from now, another edition of "360" at >> is it time to make a deal with republicans? and a terrifying discovery on a college campus in florida. guns, bombs and a plan. let's go "out front." >> good evening, everyone. out front tonight, message in a bomber. the pentagon announcing it's going to be flying nuclear-capable b-52 bombers intended to send a signal to north korea's leader. now, north korea intends to send some strong messages of its own. we have a new video that we found p

producer of natural gas and producers want to sell more overseas. the country's energy minister says he hopes to reach a deal to increase exports to japan. alexander novak met in tokyo with the japanese trade and industry minister. they got together ahead of prime minister shinzo abe's scheduled trip to russia next month. novak said liquefied natural gas would be high on the agenda during abe's visit. he added that russian officials are working on plans to export lng from russia's far eastern and arctic regions. he said surging imports of lng have played a big role in driving up japan's trade deficit. the japanese have relied on imported fuel since the fukushima nuclear disaster two years ago. japanese officials will focus on price when deciding whether to import russian gas. russian officials are concerned about an oversupply of natural gas in the future. they face rising competition now from shale gas producers in the united states. >>> tokyo gas has unveiled what will be the world's largest underground storage tank for the natural gas. the facility is expected to be completed in july

rural areas. so, for example, many of the dams in laos will be selling energy to thailand and that will go to bangkok. and, ironically, often people who are displaced by dams or who are impacted in some way in the rural areas will not see the benefits in terms of electricity. narrator: displacement of people living in areas targeted for dam construction is only one fact of hydroelectric development, whether privately or publicly funded. fox: all around the world, tens of llions of people have been displaced by large-scale dams. in laos, it does disproportiotely impact ethnic minorities who live in the highland areas where the dams are being built. so they're resettled away from the reservoir areas and they're also resettled away from the mountains and highlands above reservoirs. narrator: anotr oblem with resettlement in laos isacy ofamar os wasaughinssbombed e ail. x: 9 millions oorance droppedn os ianmuchf itains inanca unexpde. so when people are resettled example from highland areawheren to midr a lowland area where they must grow wetice ianmuchf itains inanca unexpd

charge of energy, social security and other policies. >>> china's citizens grew increasingly dissatisfied with the government's handling of a range of problems during wen's ten years in office. now they're waiting to see how li keqiang could steer the country into the future. nhk world reports from beijing. >> reporter: the members of national people's congress overwhelmingly approved li's appointment as premier. wen was known as a leader with a common touch. but li projects a more elite image. li also is from a different political base, the newly elected president, xi jinping. some question how much influence li will be able to exert within the government. but one expert suggests that china's approach to leadership is changing along with the names of the people at the top. >> i think the emerging leadership will be more group leadership, rather than the leadership dominated by a charismatic leader. so i would not differentiate xi jinping and li keqiang. >> reporter: on the political front, the public is intense its demands for freedom of expression. there have also been mass protests aga

first vice premier the following year, taking charge of energy, social security and other policies. now, china's citizens grew increasingly dissatisfied with the government's handling of a range of problems during wen's ten years in office. now they're waiting to see how li keqiang will steer the country into the future. nhk world's michitaka yamaka reports from beijing. >> reporter: the members of the national people's congress overwhelmingly approved li's appointment as premier. wen was known as a leader with a common touch, but li projects a more elite image. li also springs from a different political base than newly elected president xi jinping. some question how much influence li will be able to exert within the government, but one expert suggests that china's approach to leadership is changing along with the names of the people at the top. >> i think the emerging leadership will be more kind of a group leadership rather than the leadership dominated by a charismatic leader. so i would not differentiate xi jinping and li keqiang. >> reporter: on the political front, the public is i

to fund clean-energy research. in a speech friday, the president laid out his plans, suggesting that the government draw $2 billion from royalties that the government receives for offshore drilling. researchers would attempt to find new ways to lower the cost of cars that run on alternative fuel sources. a closely watched case involving the drug industry will be heard by the supreme court tomorrow. generic drugmakers could soon make it harder for consumers to sue for a drug's side effects. under federal law, generic and brand name drugs are required to have the same warning label. now, generics are attempting to decrease liability over any harmful effects. generic companies say the industry is unable to change the product due to those federal standards. a hidden affordable care act fee is popping up for u.s. employers. the $63 fee will apply to plans covering millions of americans in 2014. it applies to employers who take on workers' medical bills and some private plans sold by insurers. the fee will be smaller in 2015 and 2016. meanwhile, the aca is projected to help 30 million

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